Tuesday 31 May 2016
 
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Opec

New Saudi oil minister first in Vienna for Opec meet

When Opec holds its half-yearly meetings, what time the ministers arrive in Vienna, how they speak and which hotel they stay in - anything will be analysed in an attempt to predict its policies. So it was seen as a sign that new S

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Rising Mideast output drags Brent down

Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an Opec meeting later this week, while US crude edged higher as the summer driving season began. Brent crude oil futures were down 40 cents at $

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Rising Mideast output drags Brent down

Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an Opec meeting later this week, while US crude edged higher as the summer driving season began. Brent crude oil futures were down 40 cents at $

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Opec panel sees improving oil market

Opec officials were more positive about oil market conditions at talks in Vienna ahead of next week's gathering of oil ministers, two sources said on Thursday, in a sign the exporter group is unlikely to change output policy on June 2.

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Opec focusing on market share, not oil price support

The Organisation of the Petroleum Exporting Countries (Opec) is focusing on market share rather than on supporting oil prices, Iraq's Opec governor said on Tuesday in comments that will dampen expectations that Opec might agree steps to su

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Goldman Sachs sees oil in $50-$60 range through 2020

Goldman Sachs said it expects US oil prices to hold in a $50 a barrel to $60 a barrel range through 2020, due mainly to improved shale oil productivity and increased supply from Opec producers.   "We continu

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Oil near 2016 highs on supply disruptions

Oil prices were trading near 2016 highs on Wednesday, as supply disruptions and output cuts continued to tighten the market, although traders cautioned that high global crude inventories were still weighing on markets. Internation

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Oil rises on Nigeria, Venezuela disruptions

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising Opec output and a stronger dollar capped gains. International Bre

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Oil rises on Nigeria, Venezuela disruptions

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising Opec output and a stronger dollar capped gains. International Bre

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Kuwait minister urges Iran, Opec to freeze production

Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran, state news agency KUNA reported on Saturday. "There is

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